Bilateral investment agreement with Georgia ends years of negotiations

Czech Finance Minister Eduard Janota signed a bilateral agreement on Saturday with the Republic of Georgia for support and protection of mutual investments. The treaty is the culmination of several years of negotiation between the two countries and establishes the legal basis for the investment activities of each state, and protects investments from illegitimate encroachments on the part of either country’s institutions. The agreement also opens the door to Czech companies interested in working in the energy and health care sectors in the former Soviet republic. Mr Janota’s delegation was in the Georgian capital three days, during which time the interim finance minister also held talks with Georgian Prime Minister Nikoloz Gilauri and met with President Mikheil Saakashvili.